Posts related to "The Root Network"
Ooops...
Sorry this tag is empty, why not try something else
Information about "The Root Network"
The ROOT token serves as the main token for The ROOT Network (TRN).
What is The Root Network (ROOT)?
The Root Network is an innovative Layer 1 platform crafted to act as the central hub of the open metaverse, facilitating connections between various elements.
Specifically tailored for the open metaverse, The Root Network incorporates core, user experience, and digital content-focused protocols to allow a smooth user experience and enhanced asset interoperability across the metaverse.
With a focus on optimizing user experience and ensuring safety, The Root Network integrates built-in account abstraction and unique features like its any-token gas economy. These elements help major content brands bring users onboard smoothly and securely.
The Root Network is compatible with the Ethereum Virtual Machine (EVM) and is constructed on Substrate. It is integrated with both the XRP Ledger (XRPL) and Ethereum, with plans to connect with additional networks. This integration allows content and accounts on these networks to access more advanced functionalities and greater interoperability within the open metaverse.
Who Founded The Root Network?
The Root Network is a community-driven, open-source initiative founded by Futureverse. Futureverse is a global leader in media technology, headquartered in Auckland, New Zealand, with offices worldwide.
Futureverse was established by merging 11 technology and content companies to lay down the solid groundwork for the open metaverse. Aaron McDonald, Shara Senderoff, Marco Brondani, and Daniel Gillespie founded Futureverse.
Bringing extensive expertise in web3, artificial intelligence, and entertainment, along with intellectual property from some of the world's most renowned brands, Futureverse jump-started the applications on The Root Network.
What Sets The Root Network Apart?
The Root Network is crafted to provide an enhanced user experience for newcomers to web3 and improved interoperability for developers creating content-based applications.
Developers benefit from an integrated suite of core runtimes, simplifying the creation of content-centric applications without the need to develop their own smart contracts.
The Root Network features a distinct rewards economy that gathers fees from various network activities, creating a rewards pool for anyone participating in the network through validation and nomination.
Some of the protocols embedded in The Root Network include:
Core Protocols
Our NFT Runtime enables the creation of digital collectibles and tokens that can be utilized and exchanged in different applications and experiences throughout the open metaverse without the need for custom contracts.
The In-Chain exchange permits developers to establish liquidity for their digital assets without deploying smart contracts.
The built-in digital collectibles protocol facilitates the creation and trade of digital collectibles, eliminating the need for smart contract coding.
UX Protocols
The Root Network employs a unique any-token economy to streamline user onboarding and optimize gas fee management for both users and validators. Developers can pay gas fees with any token or cover them on behalf of users.
The network inherently supports asset bridges to facilitate the transfer and referencing of fungible and non-fungible collectibles, as well as arbitrary data between blockchains.
With The Root Network, users can create, own, and manage their digital identities. The native identity protocol and account abstraction offer a secure, web2-like authentication experience, enabling users to establish a persistent and secure digital identity applicable across various metaverse applications and experiences.
Our smart wallet account abstraction enhances user safety for digital assets by allowing users to onboard through a familiar web2 experience.
Metaverse Protocols
The Asset Register and accompanying tools help developers define digital assets, ensuring their compatibility with a range of applications in the open metaverse for improved interoperability.
The Root Network's social data protocol introduces new graph-based features to enhance data interoperability, social networking, and storage capabilities for metaverse applications.
A native protocol within The Root Network supports the ownership of AI-powered collectibles. The Altered State Machine AI protocol enables metaverse builders to develop AI-agent-powered applications and experiences that are both ownable and tradable by their owners.
How is The Root Network Secured?
The ROOT token is utilized by node validators and delegators to secure the Proof of Stake network. The network employs a Nominated Proof-of-Stake (NPoS) mechanism involving validators and nominators. Nominators support validators with their tokens, and these staked tokens ensure maximum chain security by making misconduct economically unviable.
The Root Network is an innovative Layer 1 platform crafted to act as the central hub of the open metaverse, facilitating connections between various elements.
Specifically tailored for the open metaverse, The Root Network incorporates core, user experience, and digital content-focused protocols to allow a smooth user experience and enhanced asset interoperability across the metaverse.
With a focus on optimizing user experience and ensuring safety, The Root Network integrates built-in account abstraction and unique features like its any-token gas economy. These elements help major content brands bring users onboard smoothly and securely.
The Root Network is compatible with the Ethereum Virtual Machine (EVM) and is constructed on Substrate. It is integrated with both the XRP Ledger (XRPL) and Ethereum, with plans to connect with additional networks. This integration allows content and accounts on these networks to access more advanced functionalities and greater interoperability within the open metaverse.
Who Founded The Root Network?
The Root Network is a community-driven, open-source initiative founded by Futureverse. Futureverse is a global leader in media technology, headquartered in Auckland, New Zealand, with offices worldwide.
Futureverse was established by merging 11 technology and content companies to lay down the solid groundwork for the open metaverse. Aaron McDonald, Shara Senderoff, Marco Brondani, and Daniel Gillespie founded Futureverse.
Bringing extensive expertise in web3, artificial intelligence, and entertainment, along with intellectual property from some of the world's most renowned brands, Futureverse jump-started the applications on The Root Network.
What Sets The Root Network Apart?
The Root Network is crafted to provide an enhanced user experience for newcomers to web3 and improved interoperability for developers creating content-based applications.
Developers benefit from an integrated suite of core runtimes, simplifying the creation of content-centric applications without the need to develop their own smart contracts.
The Root Network features a distinct rewards economy that gathers fees from various network activities, creating a rewards pool for anyone participating in the network through validation and nomination.
Some of the protocols embedded in The Root Network include:
Core Protocols
Our NFT Runtime enables the creation of digital collectibles and tokens that can be utilized and exchanged in different applications and experiences throughout the open metaverse without the need for custom contracts.
The In-Chain exchange permits developers to establish liquidity for their digital assets without deploying smart contracts.
The built-in digital collectibles protocol facilitates the creation and trade of digital collectibles, eliminating the need for smart contract coding.
UX Protocols
The Root Network employs a unique any-token economy to streamline user onboarding and optimize gas fee management for both users and validators. Developers can pay gas fees with any token or cover them on behalf of users.
The network inherently supports asset bridges to facilitate the transfer and referencing of fungible and non-fungible collectibles, as well as arbitrary data between blockchains.
With The Root Network, users can create, own, and manage their digital identities. The native identity protocol and account abstraction offer a secure, web2-like authentication experience, enabling users to establish a persistent and secure digital identity applicable across various metaverse applications and experiences.
Our smart wallet account abstraction enhances user safety for digital assets by allowing users to onboard through a familiar web2 experience.
Metaverse Protocols
The Asset Register and accompanying tools help developers define digital assets, ensuring their compatibility with a range of applications in the open metaverse for improved interoperability.
The Root Network's social data protocol introduces new graph-based features to enhance data interoperability, social networking, and storage capabilities for metaverse applications.
A native protocol within The Root Network supports the ownership of AI-powered collectibles. The Altered State Machine AI protocol enables metaverse builders to develop AI-agent-powered applications and experiences that are both ownable and tradable by their owners.
How is The Root Network Secured?
The ROOT token is utilized by node validators and delegators to secure the Proof of Stake network. The network employs a Nominated Proof-of-Stake (NPoS) mechanism involving validators and nominators. Nominators support validators with their tokens, and these staked tokens ensure maximum chain security by making misconduct economically unviable.
"The Root Network" price data